OKX will be adjusting the discount rates for LUNA in the multi-currency margin mode. The changes will take place at 8:00 am UTC on Jun. 10.
Specific adjustment details are as follows:
|
Asset |
Before |
After |
||
|
Tier (USD) |
Discount rate |
Tier (USD) |
Discount rate |
|
|
LUNA |
0~50,000 |
0.5 |
0~250,000 |
0.8 |
|
250,000~500,000 |
0.7 |
|||
|
500,000~1,000,000 |
0.5 |
|||
|
>50,000 |
0 |
>1,000,000 |
0 |
|
Discount rates overview
In multi-currency cross margin mode, different currencies in cross margin accounts can be converted into their USD value and used as margin. Due to significant differences in market liquidity of each currency, the platform calculates their actual USD value based on a certain discount rate in order to balance market risks.
Learn more: https://www.OKX.com/trade-market/discountrate/futures
For any inquiries regarding these adjustments, please feel free to contact us in the OKX Telegram group or via the Support Center.
OKX
Jun. 10, 2022 (UTC)
A step-by-step guide to purchasing and selling crypto on OKX,
Step 1: Log in to your OKX account
Before you can start buying or selling cryptocurrency on OKX, you must first log in to your OKX account. If you do not yet have an account, click Sign up and complete the registration process.
Step 2: Select Buy/Sell
Once you have logged in to your OKX account, click Buy Crypto in the upper left-hand corner of the screen to get started.
Step 3: Select your purchasing method
The next step is to choose how you would like to buy or sell . There are two primary options on OKX: Express and P2P trade.
Finally, simply confirm your transaction details.
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